Results 21–40 of 12177 for speaker:Philip Hammond

Oral Answers to Questions — Treasury: Productivity (17 Apr 2018)

Philip Hammond: The Government are highly committed to the apprenticeship programme. I recognise that starts are down—we always expected that—but something else is happening, because analysis shows that now that employers are contributing with their own levy to apprenticeship programmes, they are opting for higher-level apprenticeships. There are fewer starts than we expected, but we are seeing a...

Oral Answers to Questions — Treasury: Productivity (17 Apr 2018)

Philip Hammond: Not for the first time, I do not recognise the picture of our economy that is painted by Opposition Front Benchers. Figures today tell us that we have new record high numbers of people in employment, and new record low unemployment figures. That should be something that we are celebrating. Real wages are forecast to turn positive from this quarter and to go on growing thereafter. Employment...

Oral Answers to Questions — Treasury: Topical Questions (17 Apr 2018)

Philip Hammond: My principal responsibility is to ensure economic stability and the continued prosperity of the British people. I shall do so by building on the plans set out in the autumn Budget and the spring statement. The Government are determined to meet the important challenges we face and to seize the opportunities ahead as we create an economy fit for the future.

Oral Answers to Questions — Treasury: Topical Questions (17 Apr 2018)

Philip Hammond: We touched on this matter earlier, I think. It is important that HMRC deals with matters separately from Ministers, but we are aware that HMRC is in discussion with the trustees in this case and we hope for a resolution soon.

Oral Answers to Questions — Treasury: Topical Questions (17 Apr 2018)

Philip Hammond: I do not have a figure for the latest valuation of those assets. Many of the assets in question will be property assets, I suspect, meaning that the values will move from time to time. I can assure the right hon. Gentleman that the Treasury is fully engaged in the process across Whitehall of seeking to deal with unacceptable behaviours of the type that we have seen in Syria. Financial...

Oral Answers to Questions — Treasury: Topical Questions (17 Apr 2018)

Philip Hammond: I think that the right hon. Gentleman is being a little bit harsh on the unexplained wealth orders. The legislation has been in place for only a couple of months, and we will of course look at opportunities to use it. As for his challenge on the date for the registers, I will look into the matter, as he has asked me to do. I will then write to him to let him know the reason for the date that...

Oral Answers to Questions — Treasury: Topical Questions (17 Apr 2018)

Philip Hammond: My hon. Friend puts her finger on the significant structural challenge that we face. This country has a higher penetration of online retailing than any other major economy—we are at the cutting edge—but that, of course, has an impact on traditional retailing, and we have to expect that patterns of retailing will change. We have brought forward by a year the switch to three-year...

Oral Answers to Questions — Treasury: Topical Questions (17 Apr 2018)

Philip Hammond: As the right hon. Gentleman will well understand, I much prefer a system based on mutual recognition. There are problems with the EU’s equivalence regime: it is arbitrary, it is unilateral, and it can be withdrawn with zero notice. No one can operate a multitrillion-dollar business on the basis of such arbitrary arrangements. However, we are working with the Commission and key member...

Oral Answers to Questions — Treasury: Topical Questions (17 Apr 2018)

Philip Hammond: As I have said many times in this House, we have two choices: we can either run away from this challenge; or we can run towards it and embrace it. In fact, if we want to maintain the living standards of our people and the status of our economy in the future, we have no choice but to embrace it—and we are doing so. I announced at the autumn Budget funding to support the uptake of...

Oral Answers to Questions — Treasury: Topical Questions (17 Apr 2018)

Philip Hammond: I have already answered the question on the Swansea Bay lagoon—we are studying the project. All of these projects have to meet value-for-money tests. We already have a fantastic offshore wind sector, with record low costs to the consumer through offshore wind generation. We have to decarbonise our economy in a way that also keeps electricity prices as low as possible for consumers and...

Oral Answers to Questions — Treasury: Topical Questions (17 Apr 2018)

Philip Hammond: I welcome all signs of international confidence, but I never comment on the exchange rate of the pound.

Oral Answers to Questions — Treasury: Topical Questions (17 Apr 2018)

Philip Hammond: My hon. Friend tempts me down a complex route. I will look at that again; I am familiar with the issue from my time as Foreign Secretary. The decision that Ministers have to make around the freezing of assets is a quasi-judicial one, and it has to be made very carefully in the light of the specific facts. There are great complexities in Libya, where in some cases competing authorities are...

Oral Answers to Questions — Treasury: Topical Questions (17 Apr 2018)

Philip Hammond: I will look at what the hon. Lady has said, but I very much doubt that an amount of money of that size will be stuck in the Treasury, because of the NHS’s delegated limits. But let me look at it, and I will write to her.

Oral Answers to Questions — Treasury: Topical Questions (17 Apr 2018)

Philip Hammond: I will write to the hon. Gentleman, Mr Speaker. I do not have the number immediately to hand.

Oral Answers to Questions — Treasury: Topical Questions (17 Apr 2018)

Philip Hammond: The Government have been clear that the cap on public sector pay has been abolished and that it is for individual Departments and bodies to talk to their workforces about how pay can be increased in a self-funding way through productivity enhancements. We have seen that being done in the NHS with the “Agenda for Change” deal, which is now with the unions and staff for voting. It...

Oral Answers to Questions — Treasury: Topical Questions (17 Apr 2018)

Philip Hammond: Start-up businesses involved in online shopping are able to avail themselves of the full range of support for any start-up business. There is no specific regime for online shopping businesses.

Written Ministerial Statements — Treasury: UK Contribution to the Asian Infrastructure Investment Bank Special Fund (21 Mar 2018)

Philip Hammond: In 2015, the UK became a founding member of the Asian Infrastructure Investment Bank (AIIB). The AIIB supports economic growth in Asia and drives up living standards. The UK’s membership deepens economic ties with Asia and creates opportunities for British businesses. At the ninth UK-China Economic and Financial Dialogue (EFD) in Beijing on 16 December 2017, the Chancellor of the...

Spring Statement (13 Mar 2018)

Philip Hammond: The right hon. Gentleman supported the switch to a single fiscal event, and now he is complaining that I have not delivered a mini Budget today. I am not surprised that he cannot quite understand anybody passing up the opportunity to introduce some new taxes, because that is what a Labour Government would be doing, not once a year or twice a year but every other week. I heard the right hon....

Spring Statement (13 Mar 2018)

Philip Hammond: I am a great fan of the concept of intergenerational fairness. My right hon. and learned Friend will know, as a former Chancellor of the Exchequer, that all Chancellors look at all options in the run-up to every Budget. I can undertake that I will do so in the run-up to Budget 2018. In the meantime, I can tell him that there is a mechanism for voluntary donations to Her Majesty’s...

Spring Statement (13 Mar 2018)

Philip Hammond: Probably a matter of rather more immediate urgency for the people of Scotland is how their economy will withstand the highest rates of taxation in the United Kingdom—an economy that, under the SNP Government, is already growing more slowly than the economy of the United Kingdom. I do not know about a sinking ship; I suggest to the right hon. Gentleman that this is about keeping afloat....


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